Four-Unit Campus-Style
5154 Shafter Ave Oakland, CA 94618
5154 Shafter Ave, Oakland, CA, 94618
$1,350,000
Pending
For Sale
$1,350,000
Pending
MULTI_FAMILY - Oakland, CA
Property Size2,098 SF
Lot Size0.19 Acres
Days on Market41
Property Features for 5154 Shafter Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-4
- Bedrooms
- 4
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1
- Parking features
- Covered
- Exterior features
- Back Yard, Yard Space
- Fencing
- Fenced
- Appliances
- Gas Water Heater
- Standard status
- Pending
- APN
- 14123428
- Size
- 2,098 SF
- Lot size
- 0.19 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1940
- Flooring type
- Tile, Vinyl, Hardwood
- Building materials
- Frame, Wood Siding
Listing agency
Keller Williams Realty
(925) 934-2900
Listed by
Joey Wang · License #01890931
(510) 592-5554
Added: Jun 12 Updated: Jul 16 at 1:28AM Checked: Jul 22 at 7:06AM
MLS# 41138202
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering consists of three structures containing four one-bedroom units, configured in a campus-style layout. The property pairs a 1940 stucco duplex with two detached cottages dating from the 1910s and 1880s. Each unit includes its own private deck and in-unit laundry, and the layout is designed to feel more like standalone homes than traditional apartments. Two rear cottages provide additional private outdoor space and parking. One cottage will be delivered vacant, while three units are currently leased.
The property is located at 5154 Shafter Avenue in Oakland, CA 94618, in RM-4 zoning. Rockridge BART is approximately 0.6 miles away, with College Avenue, Temescal Alley, and Whole Foods nearby. Tenants are responsible for their own gas and electric.
For buyers or operators seeking a small residential income property with individual outdoor space and separate home-like living, the configuration supports a variety of strategies. With one unit available at delivery, the property can accommodate new leasing immediately, a repositioning plan for the vacant unit, or owner-occupancy alongside rental income from the leased units.
The property is located at 5154 Shafter Avenue in Oakland, CA 94618, in RM-4 zoning. Rockridge BART is approximately 0.6 miles away, with College Avenue, Temescal Alley, and Whole Foods nearby. Tenants are responsible for their own gas and electric.
For buyers or operators seeking a small residential income property with individual outdoor space and separate home-like living, the configuration supports a variety of strategies. With one unit available at delivery, the property can accommodate new leasing immediately, a repositioning plan for the vacant unit, or owner-occupancy alongside rental income from the leased units.
Key Highlights
- Four 1‑bedroom units in three structures: a 1940 duplex plus two detached cottages from the 1910s and 1880s
- Each unit has private deck space and in‑unit laundry; rear cottages also provide parking and private yards
- 3 units are leased at about $7,750/month (about $93,000/year); 4th cottage will be delivered vacant
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.8k | $34.20 |
| − Vacancy | −$3.1k | −$1.46 |
| EGI | $68.7k | $32.74 |
| − OpEx | −$20.6k | −$9.82 |
| NOI | $48.1k | $22.92 |
2,098 SF · lease $34.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$686.9K
$601.0K – $801.4K
NOI $48,081 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$632.8K
$553.7K – $738.3K
NOI $44,299 @ 7.0% cap · market cap 3.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four one-bedroom units in a detached, campus-style layout with private decks and in-unit laundry.
Where is this quadplex located?
The property is located at 5154 Shafter Ave Oakland, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Four 1‑bedroom units in three structures: a 1940 duplex plus two detached cottages from the 1910s and 1880s; Each unit has private deck space and in‑unit laundry; rear cottages also provide parking and private yards; 3 units are leased at about $7,750/month (about $93,000/year); 4th cottage will be delivered vacant
